The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-11
CONDITION OF THE MARKETS.
Wheat Exhibits a General Tendency
Toward Lower Range of Prices,
But Rally Occurs Late in the Day and a
Slight Advance ReSults-A Break of Two
Cents in COrn-POrk Unsettled.
MONEY, BONDS AND STOCKS.

A Firm to Strong Morket, with Slightly
Higher Prices for a Majority of Stocks.
NEW YORK, Jan. 10-Money on call was
easy at 405 per cent, closing at 4
Prime mercantile paper scarce and in demand
at Cal per cent.
Sterling exchange was strong at 81 S12 for
s:xty-day bills and 81 s. for demand
The total sales of stocks today were 228, 529
shares, including the following: Delaware,
Lackawanna & Western, 16.430; Erie, 10, 100;
Kansas s. Texas, 1885, Louisville & Nashville,
3,245; New Jersey Central, 2l,67O; Peoria, De-
catur & Evansville, 1886; Reading, 81. 700; St.
Paul, IL, los; St Paul g. Omaha, s.425; Union
Pacific. 6,I5O; Western Union, 1909
Government bonds and State bonds were dull,
but firm.
The disposition to await the action of Con-
gress upon the interstate commerce bill still
keeps operators out of the stock market, which
remains dull and almost devoid of feature
There was some little inclination to buy shown
to-day, and for the greater part of the time
prices remained firm to strong, although fuctua-
tions, in the great majority of cases, were con-
fined within narrow limits. The coal stocks,
especially Jersey Central and Reading Rich
mond & West Point and Western Union were
the special features of the day. Ths mysterious
movement in Jersey Central still continues an
enigma to the street, and the stock to-day made
further material progress in the upward move
ment and remained steady when the rest of the
list was heavy. The other stocks followed the
course of the general market, being firm
to strong during the forenoon, but
Welding later. The market opened
somewhat irregular, but generally strong.
Lake Shore was the conspicuous STOCK with an
advance of Z per cent. There was moderate
business in the first few minutes, in which Jer-
sey Central and West Point conspicuous.
Prices were strong, especially for Jersey Cen.
trail and Peoria, Decatur & Evansville. The
activity soon died away, but the advance in
prices continued until noon. The dizziness was
then intensified, and prices sagged off slowly
until the close, which was dull and heavy al
generally small fractions above the opening.
Sales, $40 shares-Reading furnished 81 700
Richmond & West Point q, 900; Jersey Central
2l,670; Lackawanna, Is $780, Western Union, 49,.
069; st. Paul. lll05, and Erie, 10, 100.
s The general list is higher this evening. with
very 1ew exceptions, chief among which are
Cameron Coal which lost II. and Richmond &
West Point, l per cent Jersey Central is ny
u. Peoria. Decatur & Evansville, Il, and Lake
Shore. / per cent
Railroad bonds were moderately active AND
prices generally followed the course of the share
market being firm in the forenoon and saggine
off toward the close. Final prices are generally
higher. Sales 81, 799, 900. of which Fort Worth
& Denver frsts contributed $l2l 900 and Lake
Erie & Western incomes $l0l. 900. The latter
bonds still continue to be the feature of the mar
ket, upon the bright prospects under the reor
ganization. L. E. & w. incomes gained 4, a
60; the Sandusky division incomes 4, at 80; tn
Lafayette, Bloomington & Muncie incomes, 81
at S21. and Peoria. Decatur 81 Evansville in
cones, 3, at 84A. Closing quotations were: